EUR/USD rebounds sharply to near 1.0350 as US President Trump postpones his orders of tariffs on Canada and Mexico for 30 days. Trump’s intentions to impose tariffs on China remain intact. The ECB is expected to cut interest rates three times more this year. EUR/USD bounces back from the intraday low of 1.0270 and rebounds […]
The Australian Dollar could struggle as China is due to be hit with a 10% tariff later in the day. Traders monitor the development surrounding the tariff deal with China. Trump would suspend his tariffs after both countries agreed to send 10,000 soldiers to the US border to prevent drug trafficking. The Australian Dollar (AUD) rebounds
United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects ‘rare earth metals’ in exchange for obtaining a ceasefire with Russia. Donald Trump also noted that he remains “not happy” with the Panama situation, and reiterated that
AUD/USD hovers above 0.6200, defending mild bids amid US tariff concerns and weak Chinese data. US PCE data showed no surprises, Fed remains cautious. RBA dovish bets continue to pressure the pair. The Australian Dollar clings to mild gains on Friday, trading around 0.6215 after briefly touching a two-week low. The pair remains under pressure
United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that
EUR/USD declines to near 1.0370 as inflation in six states of Germany decelerates in January. Donald Trump threatens to impose 100% tariffs on BRICS and 25% on Mexico and Canada. The Fed kept interest rates at their current levels on Wednesday. EUR/USD faces selling pressure and declines to near 1.0370 in Friday’s European session. The major
United States (US) President Donald Trump ran through a long list of grievances while delivering his remarks during the World Economic Forum hosted in Davos, Switzerland on Thursday. President Trump reiterated his concerns that the US’ trade deficit with Canada, which amounts to 4% of the US’ total trade imbalance, is unsustainable. President Trump also
EUR/JPY scales higher for the fourth straight day amid the emergence of some JPY selling. The divergent BoJ-ECB policy expectations should keep a lid on the upside for the cross. Traders now look to ECB President Christine Lagarde’s speech for short-term opportunities. The EUR/JPY cross attracts follow-through buyers for the fourth straight day on Wednesday
